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by today's talk in washington democrats and republicans are hardly any closer to finding a solution. here's anna werner. >> reporter: a week closer to the december 31st deadline, treasury secretary timothy geithner told bob schieffer any potential deal will have to include a tax hike on the upper 2% of income earners. >> there is no way to raise a meaningful amount of revenue relative to the size of our fiscal challenge by just limiting the value of deductions for the wealthiest americans. >> reporter: he said the biggest obstacle is republicans who refuse to acknowledge that fact. >> there's nothing that stands in the way of that agreement. except for the potential risk that a group of republicans decide, they hold up an agreement because they want to extend tax cuts for the wealthiest that we can't afford. >> reporter: on fox news 2 sunday speaker john boehner was not optimistic. >> i would say we're nowhere. period. we're nowhere. >> reporter: earlier this week house gop members rejected a proposal from the white house that included tax hikes, spending cuts and $50 billion in new stimu
. this is the first clear signal that iran would consider dialogue with washington. the communist nation will attempt to send up a satellite between december 10-22. egypt constitutional crisis will go on for a few more weeks. steve harrigan has the latest. >> they're afraid to do their job. the court surrounded by several thousands chanting protesters sunday morning and the judges refused to enter the building, citing fiscal and psychological intimidation from the crowd. egypt interior ministry said police made the entrance secure. demonstrators say they were backing the president. >> you are here to support the decision of president mohammed morsi. we haven't stopped anyone from entering and we haven't destroyed anything. we're here to protest. that is our constitutional right. >> what is or is not constitutional in egypt these days is in flux. it's set to be voted nonnational referendum on december 15. until then, both sides marshall the forces. demonstrating the support on the street. the number of protesters declineed. to just a few thousand tonight. the government strategy of the nonconfrontatio
't believe with a bunch of keystone cops you have operating in washington. >> weeks have been wasted. >> what we've got here is -- >> the president's plan is just, quite frankly, a joke. >> -- failure to communicate. >> i don't want any part of going over the cliff. >> i don't like it any more than you. >> the president's idea of a negotiation is roll over and do what i ask. >> if republicans are not willing to let rates go back up, then there will not be an agreement. >> right now i would say there's nowhere, period. we're nowhere. >> the history of these showdowns is the white house usually wins. >> sometimes nothing can be a real cool hand. ♪ >> and the deck is stacked for another high stakes week. at this moment the president is dealing with one of many pressing issues. he's about to speak at the national defense university on efforts to secure nuclear weapons. and as the president faces security demands on the global stage, he's proving as tough a negotiator as republicans have ever seen on the fast approaching fiscal cliff. in the last hour house republicans presented a counteroffer t
everyone is warning about is to be avoided. >> if they got to agreement the way washington is too quickly, their own side would just kill 'em because they wouldn't think they had negotiated hard enough. you know, they've got to go through this exchange. this is no different than when, you know, you list your house, you know, you put up one price, somebody comes in with a lower price, you kind of reach a middle ground. the thing i'm sure of is that we got to end up with at least $4 trillion of deficit reduction. some of that's got to come from revenues. i guarantee you the white house isn't going to do a deal unless it has an increase in tax rates for part of that revenue. i'm assuming that the republicans are going to insist that there be more cuts on the health care entitlements than what's been put on the table to date. >> ifill: here's the difference between what we're seeing now and what happens when i put my house on the market. at the end of this year there will be consequences. it's unclear... in the past when these consequences or these deadlines have arisen they've just put them
this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to
. these are live pictures from the national defense university right here in washington, d.c. we'll go there live. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was
communications worldwide. catherine herridge has more in washington. reporter: thank you, megyn, and good afternoon. the international telecommunications union, this conference in dubai is viewing rules established long before the internet became a primary method of communication. the u.n. body could impact every day vacation. >> this could affect every cell phone tablet personal computer in the world. pretty much every chip in every type of consumer devices have an ip address associated with them. therefore, there are proposals that the there be a registry for each of those computer chips. reporter: the u.s. is in support of what is called web neutrality. the conference raises the specter of nations, including iran, china, and russia, agreeing to live under the u.n. rules, which critics say are restrictions. critics say that it is part of a steady drip drip of regulations that will chip away at internet freedom. >> the internet is the network of networks, made up of thousands of networks. all of them are privately managed. it would be crazy to bring back old school telephone regulation a
giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is
Search Results 0 to 7 of about 8